Assenagon Asset Management S.A. Grows Stake in Aaron’s Holdings Company, Inc. $PRG

Assenagon Asset Management S.A. lifted its position in Aaron’s Holdings Company, Inc. (NYSE:PRG) by 65.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 348,436 shares of the company’s stock after purchasing an additional 137,492 shares during the quarter. Assenagon Asset Management S.A. owned about 0.88% of Aaron’s worth $11,275,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PRG. Ameritas Advisory Services LLC bought a new position in Aaron’s in the 2nd quarter worth about $27,000. GAMMA Investing LLC boosted its position in shares of Aaron’s by 66.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $33,000 after acquiring an additional 447 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Aaron’s by 157.6% during the 2nd quarter. Whittier Trust Co. now owns 1,391 shares of the company’s stock valued at $41,000 after acquiring an additional 851 shares during the last quarter. WealthCollab LLC grew its holdings in shares of Aaron’s by 61.9% during the second quarter. WealthCollab LLC now owns 2,092 shares of the company’s stock worth $61,000 after purchasing an additional 800 shares in the last quarter. Finally, CWM LLC increased its position in shares of Aaron’s by 225.4% in the second quarter. CWM LLC now owns 2,841 shares of the company’s stock worth $83,000 after purchasing an additional 1,968 shares during the last quarter. Institutional investors own 97.92% of the company’s stock.

Aaron’s Stock Performance

Aaron’s stock opened at $29.98 on Friday. The firm has a fifty day simple moving average of $29.52 and a two-hundred day simple moving average of $31.06. The company has a quick ratio of 2.65, a current ratio of 4.74 and a debt-to-equity ratio of 0.85. Aaron’s Holdings Company, Inc. has a twelve month low of $23.50 and a twelve month high of $44.42. The company has a market capitalization of $1.19 billion, a PE ratio of 7.61 and a beta of 1.75.

Aaron’s (NYSE:PRG) last released its quarterly earnings data on Wednesday, October 22nd. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.73 by $0.17. Aaron’s had a return on equity of 22.36% and a net margin of 6.54%.The firm had revenue of $595.11 million for the quarter, compared to the consensus estimate of $586.11 million. During the same quarter in the previous year, the business earned $0.77 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. Aaron’s has set its FY 2025 guidance at 3.350-3.450 EPS and its Q4 2025 guidance at 0.550-0.650 EPS. Research analysts expect that Aaron’s Holdings Company, Inc. will post 3.45 EPS for the current year.

Aaron’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Tuesday, November 18th were given a $0.13 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $0.52 annualized dividend and a yield of 1.7%. Aaron’s’s payout ratio is presently 13.20%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PRG shares. B. Riley began coverage on shares of Aaron’s in a research report on Tuesday, December 16th. They set a “buy” rating and a $50.00 target price for the company. TD Cowen dropped their price objective on shares of Aaron’s from $38.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. BTIG Research raised Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 target price on the stock in a research note on Friday, November 21st. Weiss Ratings restated a “hold (c)” rating on shares of Aaron’s in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut Aaron’s from a “buy” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $41.71.

About Aaron’s

PROG Holdings, Inc (NYSE: PRG), formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.